1628 Ironwood DrSouth Bend, IN 46635

Property Details for 1628 Ironwood Dr

Year built

1965

Construction

WOOD

Lot size

0.62 AC

Property size (Sq ft)

4,100 SF

Property type

Retail space

APN

71-04-32-351-002.000-004

APU

710432351002000004

Description

This newly renovated 6,500 square foot commercial property in the Michiana submarket offers unparalleled versatility. The space seamlessly blends a 4,000 square foot retail/office area with a 2,500 square foot attached warehouse, providing a unique opportunity for a variety of businesses. The office space features a spacious open layout, three private offices, and updated restrooms including separate staff facilities. Modern amenities include vinyl plank flooring, LED lighting, and 9-10.5 foot suspended ceilings (adjustable). Large street-facing display windows maximize visibility. The attached warehouse, measuring 50' x 50', boasts heavy-duty shelving, an overhead garage door, and ample parking, making it ideal for storage or light manufacturing. The property also includes a generous, fully lit on-site parking lot and a lighted street sign ready for tenant branding. The building's dimensions are 50' x 80'. Additional adjacent acreage is available for future expansion. This single-tenant property underwent a complete renovation in 2023, offering a move-in ready space with modern finishes and functionality. Its adaptable design caters to businesses seeking a blend of office and warehouse space in a convenient location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,060,757

  6.5%

  $979,161

  7%

  $909,221

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,345,743

  Geo Method

  $1,345,743

• Alternative Use

  Use

  Valuation

  Residential

  $825,959

  Hospitality

  $756,574

  Educational

  $629,460

  Medical

  $651,108

  Retail

  $979,161

Location Insight

City

South Bend

County

St. Joseph

State

Indiana

Latitude

41.6977

Longitude

-86.216

CBSA code

43780

CBSA name

SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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